Valuation of an accounting firm - discussion with Dan Wiart CBV of KRP LLP

Valuation of an accounting firm - discussion with Dan Wiart CBV of KRP LLP and Joseph Devaney CPA, CA of Video Tax News.

Selling prices of firms in your area:

• http://www.accountingpracticesales.com/canada

• https://poegroupadvisors.com/buying/practices-for-sale-canada/

• https://www.bccpa.ca/regulatory/public-practice/public-practice-resources/practices-for-sale-looking-to-purchase/

Other articles of interest:

• https://www.xero.com/ca/resources/accountant-bookkeeper-guides/marketing/selling-an-accounting-practice/

• https://www150.statcan.gc.ca/n1/daily-quotidien/171207/dq171207d-eng.htm

Recorded August 27, 2018

Jumping over the Family Succession Landmines with Gregg Becker of Predictable Futures

Jumping over the Family Succession Landmines with Gregg Becker of Predictable Futures and Joseph Devaney of Video Tax News .

Topics:

• Differing skill and interest levels of children

• The family employment policy

• Full family meeting

• Aligning family issues

• Relationship breakdown

• Usage of 3rd parties

• Future ownership policy

• Involving the spouses

• Conflict is the norm, not the exception

• Owner dependence on the proceeds

• What’s my legacy and expectation for the business?

• Transitioning out

Recorded August 23, 2018

Life in the Tax Lane - March 2019

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Sources

• Carbon Tax and Climate Action Incentive Payment

• Allowances or Expense Reimbursements

• Valuation – Normal Reassessment Period

• OAS Deferral – Retroactive Application

• Dedicated Telephone Service

• GST/HST New Housing Rebate – Source 1 and Source 2

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Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2019, All Rights Reserved.

Life in the Tax Lane - February 2019

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Sources

• Principal Residence Exemption – Large Lots

• Maximum Deductible Automobile Allowances – 2019

• Incentive Payment for Travel to Pick-up Site

• T5018 Forms (construction industry) – Penalties Being Assessed

• Shared Custody – Canada Child Benefit

• CPA Canada – Full Tax System Review Needed

Like what you are watching? Join our mailing list at videotax.com/mailing-list to stay in the know with new video releases, products and upcoming promotions.

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2019, All Rights Reserved.

Life in the Tax Lane - January 2019

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Sources

• TFSA – Contributions by Third Parties – Source 1 and Source 2

• Expenses After Business Income Ceases

• Tax on Split Income (TOSI) – Reasonable Return

• Passive Investment Income – Small Business Deduction Clawback

• Tracking of Corporate Ownership Information – Canada Business Corporations Act

Like what you are watching? Join our mailing list at videotax.com/mailing-list to stay in the know with new video releases, products and upcoming promotions.

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2019, All Rights Reserved.